Bills.com introduced the BillsIQ test to help people measure their financial health. Since I read that people who’d completed this test claimed that it is accurate, I gave it a try. The test consists of 25 questions and is separated into 5 major sections:
Credit - Monthly bills, credit score, balance ratio, bankruptcy
Debt - Credit [...]
My old college roommate asked me several times recently if I’d be interested in moving from the Midwest to New York City. Speaking of relocation, I understand that everyone has different situations - job, family ties, and lifestyle. If I move to an area with higher living costs, I could very likely end up with [...]
Read full article...IndyMac Bancorp (IMB), the latest victim of the subprime mortgage crisis, has been shut down by the Office of Thrift Supervision (OTS) today. To avoid selling IndyMac’s assets at fire-sale prices, the FDIC will take over its operations and run the bank until it can find a buyer. The bank will be reopened on Monday [...]
Read full article...Credit cards can work or against us. It depends how we use them.
As a consumer who pays off balance every month (except 0% APR deals), I have been taking advantage of cash reward credit cards for years. In the past 12 months alone, I earned 2.68% cash back (equivalent to a pre-tax return of 3.83%) for [...]
Net Worth
Despite the stock market performed poorly in June, thanks to the $1,200 economic stimulus payment, my net worth could still be up by 0.8% (+$1,316).
Cash Savings
Admittedly, we have more cash than I’d like ($53K). I’m still considering to purchase some stocks, most of which are reaching the oversold territory, in my taxable portfolio (100% cash). As my [...]
Following HSBC Direct, which raised its rate to 3.50% APY last month, E*Trade Bank will increase the rate of its Complete Savings Account from 3.15% to 3.30% APY tomorrow.
That’s a good news for me since I’m kinda hedging by saving most of my cash in both of these two banks.
